Report: Min sees Russian investors buying sanctioned state debt - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Min sees Russian investors buying sanctioned state debt

MOSCOW, Apr 11 (PRIME) -- Russian investors may replace foreigners if the U.S. imposes sanctions on the countryТs debt, and the government will be able to raise all the necessary money from the domestic market, Finance Minister Anton Siluanov said in an interview to Rossiya 24 television channel broadcast on Wednesday.

УAny restrictions are bad and sensitive for the economy of the Russian Federation. If we speak about the debt in general, we have about 1 trillion rubles of private borrowings this year. It is obvious that we may reject all market borrowings given the current situation, we will get the same amount of additional revenue even if we have to redeem (sovereign bonds) and use money of the National Wealth Fund,Ф he said.

УWe will still be present on the internal market despite of possible restrictionsЕBut even if these restrictions are imposed, our local investors would definitely be able to substitute the share of foreigners that are players of the OFZ federal bond market.Ф

This will raise the yield on bonds, but not critically. УThough for foreign investors, which are formidable institutional investorsЕthis is a reliable asset with a good yield. That is why it will be a shot in a foot for anyone who rejects it,Ф he said.

He said that the ministry will wait and track the development of the situation before offering new Eurobonds, but no new international paper was planned soon.

Russia will fulfill all obligations under any external conditions, he added.

End

11.04.2018 17:13
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov